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46 November 2018 | AutoData ANNIVERSARY » IOCHPE-MAXION And in 1994 , another purchase: Eluma Autopeças, from Contagem, MG, this time. In that same year, the group’s name changed to Iochpe-Maxion, automotive sector in the company’s general businesses. The agricultural division’s closedown took place in 1996 with the sale of the assets to AGCO, which already was the global owner of the Massey Ferguson brand. And in 2000 , the railway area gained an association with Amsted, forming Amsted-Maxion, dedicated to the development and production of cargo wagons and their components. In 2003, the division acquired the activities of Cobrasma. In 2008 , the first big international leap with the inauguration of a factory in Nantong (China) for the production of steel wheels for commercial vehicles: production capacity of 600 thousand wheels/year for the European and Asian markets. 2009 saw the purchase of Fumagalli and its plants in Limeira, SP, and in San Luis Potosi, Mexico. And half of Argentina’s Montich S.A., the Argentinean manufacturer of side rails, chassis and stamping for commercial vehicles. But everything happened in 2012 , a historic year: the purchase of Hayes Lemmerz, a traditional global manufacturer of steel and aluminum wheels, with seventeen factories in the world, and Grupo Galaz/Inmagusa, a traditional Mexican manufacturer of side rails for commercial vehicles in the US market. With this internationalization the businesses were divided in Maxion Structural Components and Maxion Wheels – arm that inaugurated a new aluminum wheels factory in Limeira, in 2016 . This 2018 , Iochpe-Maxion reaches its centennial as the biggest Brazilian auto parts company with an annual income at the range of R$ 7.5 billion (last year’s number) and 31 factories in fourteen countries, four in Brazil and 15 thousand employees. Although effectively internationalized, the operations remain centralized in Brazil.